Category: Info

Xi and McCafferty send GBP/USD to charge the channel

The GBP/USD rises to new highs around $1.4170 and consolidates its gains. Speeches by Chinese President Xi and BOC member McCafferty boost the pair. The technical picture remains bullish, pointing to further potential gains. The GBP/USD is trading around $1.4170, up around 0.25% on the day. The first boost was a global one. Chinese President […]


Major currency pairs are looking for a new direction amid a slew of political news. What levels should we watch? Here is their view, courtesy of eFXnews: EUR/USD: Neutral (since 05 Mar 18, 1.2335): Weak undertone is stabilizing. In recent updates, we expected EUR to “remain on the back foot unless it can move above […]

5 viktiga verktyg alla seriösa handlare behöver

Lura inte dig själv; Som handlare går du in i ”strid” på marknaden, så du behöver vara förberedd precis som en soldat är när han går in i slagfältet. Förutom väsentliga föremål som vapen, ammunition och uniformer, behöver en soldat en schweizisk armékniv; ett enda verktyg som har många användningsområden, även i potentiellt livräddande användningsområden. […]

EUR/USD: Break or bounce at resistance convergence cluster?

The Technical Confluences Indicator, shows that the EUR/USD is approaching a resistance area where many critical technical levels converge. The $1.2325 level is where the SMA100-4h, the SMA200-4h, the Bolinger Band 1 day Middle (Stdv 2.2), BB 1h-upper, Pivot Point one-day Resistance 1, the SMA5-15m, and the BB 15m Upper all meet. A break higher will open […]